USDT.D (Tether Dominance) looks bullish on the daily time frame. If the fractal plays out I expect a correction in the crypto market following Bitcoin as the assets flowing into USDT from other crypto coins and tokens. This scenario depends on the completion (A candle above the neckline) of the double-bottom pattern formed in the last two months.
Just a mental roadmap of recent !important! events in crypto (/general market) fibbed out into cycles on top of tether's marketcap.
It seems we are due a decent "cool down" period soon, as this also starts to align with other macro indicators I'm starting to get even more convinced (VIX, DXY, 10y bond yield).
Feel free to share your thoughts with me, I'm open to...
A breakout to the upside of that trendline would worry me as it ''could'' mean the end of USDT.D downtrend and a ''possible'' beginning of a major selloff to go back in stablecoin but we are not there yet.
checkout related idea downbelow to understand how usdt.d helps to predict the market . usdt.d up btc down . usdt.d down btc up . as you can see usdt.d lost a weekly support and bullish trendline . it may play in that range for awhile . usdt.d fall benefits the market . shows that investors convertion them usdt to bitcoin and other cryptos . next level shown un...
i expected a great correction , above you can see usdt dominance that is in a channel and it reacts to bottom , everytime usdt dominance reacts to bottom price dumps hard , i expect more correction in coming days and then we can join market after miners selloff
this is usdt dominance , if you watch related ideas whenever usdtd reaches weekly support theres will be a dump in bitcoin price , now cci is giving us usdtd reversal sign , also daily rsi broke out trendline , weekly candles closes tomorrow night and if it closes above 2.55 will warn a big dump or bearish market , at least one more leg down before going up ( if...
